Oil Price Fundamental Weekly Forecast – With Market Balanced, Dollar Takes on Greater Importance

At the start of the week, crude oil futures were pressured by a firmer U.S. Dollar which rose because of rising U.S. Treasury yields. Prices reached their low for the week on Wednesday despite the EIA report that showed U.S. crude inventories rose by 6.8 million barrels during the week-ending January 26 …

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